Texas Quest Capital
P.O. Box 40086
Houston, TX 77240
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About Texas Quest Capital
Texas Quest Capital is private lender based in Houston, TX. They offer funding throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including fix-and-flip loans, loans for investments properties, short term loans, and commercial hard money loans. Their lending guidelines are versatile, including terms up to 1 year and loans with a maximum LTV of 70%. The focus of their lending is on single family homes and multi-family units.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family
Areas Served: Dallas, Austin, San Antonio, Fort Worth, Houston
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Lending Guidelines for Texas Quest Capital
Below are the general loan guidelines published on the Texas Quest Capital website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: 12 months
Points Charged: 10% - 14%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: 12 months
Points Charged: 10% - 14%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: 12 months
Points Charged: 10% - 14%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: 12 months
Points Charged: 10% - 14%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Texas Quest Capital.
Loan Example 1
Dean takes a fix and flip loan from Texas Quest Capital in order to remodel a townhome to resale in Dallas, TX. The sales price of the property is $290,000. The borrower will have to bring 15% of the sales price in cash to the closing based on a 85% loan to value stipulated by the lender. This makes the principle amount from Texas Quest Capital $246,500. The terms of the deal also stipulate a four point origination fee that is to be paid at the closing and a 6 month, interest-only note with a 9% interest rate.
Dean will need to contribute $43,500 to the closing (15% on the 85% loan to value), plus he will pay the $9,860 origination fee. The monthly interest only payments will then total $1,849 to the lender. At the expiration of the note, he sells the renovated property for $391,500. After deducting the $11,093 in interest expenses ($1,849 times 6 months), the $9,860 origination fee, the $246,500 principle on the note, and the $43,500 he brought to the closing, he will earn a gross profit of $80,548 ($391,500 price minus $310,953 in costs). This amount would then be reduced by any rehab costs paid by Dean.
Loan Example 2
Jeanne is a real estate investor in Dallas, TX. She locates a run-down townhouse for a renovation project and obtains a hard money loan from Texas Quest Capital with the following features:
a) A $340,000 purchase price, b) a 50% loan to value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 3% origination fee.
If Jeanne achieves her goal of a $408,000 sales price, the numbers of the deal will be as follows:
$408,000 sales price
- $170,000 note principle (50% LTV)
- $170,000 down payment (50% on 50% LTV)
- $5,100 origination fee (3% of the $170,000 principle amount)
- $20,400 interest payments (12 months x 12% interest)
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= $42,500 total profit (doesn't include taxes or renovation costs) -
by Roughneck12 09/21/2023
I've used Texas Quest Capital for years to handle my loans and have had no issues with them. In fact they are the highest returns on my lending that I outsource through companies like them. Some hiccups with borrowers but anyone familiar with real estate investing knows that is possible.
I've used Texas Quest Capital for years to handle my loans and have had no issues with them. In fact they are the highest returns on my lending that I outsource through companies like them. Some hiccups with borrowers but anyone familiar with real estate investing knows that is possible.by BG 04/01/2022
I have loaned money to house flippers through Texas Quest Capital on 7 properties and my overall experience with the principals is very negative. They provide NO transparency, or even communication, on borrowers that are not paying interest timely, loans that are past the maturity date or properties that must be foreclosed. The only time I receive any information is when I request it and timelines communicated to me are never met. I question the integrity of this business in their financial distributions to lenders on properties that have been foreclosed. The two other reviews I read about Texas Quest Captial are 100% accurate and I urge potential lenders to look for other opportunities for hard money lending.
I have loaned money to house flippers through Texas Quest Capital on 7 properties and my overall experience with the principals is very negative. They provide NO transparency, or even communication, on borrowers that are not paying interest timely, loans that are past the maturity date or properties that must be foreclosed. The only time I receive any information is when I request it and timelines communicated to me are never met. I question the integrity of this business in their financial distributions to lenders on properties that have been foreclosed. The two other reviews I read about Texas Quest Captial are 100% accurate and I urge potential lenders to look for other opportunities for hard money lending.by KS 01/05/2022
DO NOT loan money to this hard money lender!!!! I had a loan with them and lost principle!!!! They don't know what they are doing!!! They have no background in rehab and evaluating ARV. Do not do professional appraisals or inspections of property. They are not transparent about issues and problems They are not good stewards of private lenders money!!! Stay far away!!!
DO NOT loan money to this hard money lender!!!! I had a loan with them and lost principle!!!! They don't know what they are doing!!! They have no background in rehab and evaluating ARV. Do not do professional appraisals or inspections of property. They are not transparent about issues and problems They are not good stewards of private lenders money!!! Stay far away!!!by Dk 07/10/2021
Do not loan money to this company. I made 7 loans to them and only 2 closed as intended. Lost money and wish I had waited until a few payoffs before lending more. The company doesn’t vet the properties or the borrowers sufficiently. The company advertises that borrower can borrow money for property purchase and rehab so there is no skin in the game for the borrower. Properties are not appraised before loan is given to borrower (the company comes up with their own exaggerated arv, no formal inspections made except by inexperienced sons of the company owner. When a loan goes bad and property is taken back, there is no accountability. There is no transparency on problems, they make promises on progress of rehab, when property will go up for sale and NEVER even come close to promised dates. One property they let borrowers go 9 months without interest payments before threatening foreclosure. When property is taken back and Texas Quest Capital has to finish rehab, contractors are horrible and do a sloppy job and many times walls have to be torn out and work corrected.. I asked for documented receipts for expenses for rehab after Texas Quest Capital took properties back in lieu of foreclosure and all they provided was an Excel spreadsheet- no actual cancelled checks or receipts. When totaling expenses, the cost isn’t even reasonable. For example, a house loan for $217k advertised needing $20k rehab was taken back and Texas Quest Capital spent $162k+ on rehab. Furthermore, many property loans went bad months and months before Covid lockdowns in March 2020, yet the company blamed everything on COVID. Company uses a trust with a trustee, so lenders lose any control. Do not do any business with Texas Quest Capital! Would give 0 stars if I could! The owner and two sons just don’t have the experience or background to run a hard money loan business.
Do not loan money to this company. I made 7 loans to them and only 2 closed as intended. Lost money and wish I had waited until a few payoffs before lending more. The company doesn’t vet the properties or the borrowers sufficiently. The company advertises that borrower can borrow money for property purchase and rehab so there is no skin in the game for the borrower. Properties are not appraised before loan is given to borrower (the company comes up with their own exaggerated arv, no formal inspections made except by inexperienced sons of the company owner. When a loan goes bad and property is taken back, there is no accountability. There is no transparency on problems, they make promises on progress of rehab, when property will go up for sale and NEVER even come close to promised dates. One property they let borrowers go 9 months without interest payments before threatening foreclosure. When property is taken back and Texas Quest Capital has to finish rehab, contractors are horrible and do a sloppy job and many times walls have to be torn out and work corrected.. I asked for documented receipts for expenses for rehab after Texas Quest Capital took properties back in lieu of foreclosure and all they provided was an Excel spreadsheet- no actual cancelled checks or receipts. When totaling expenses, the cost isn’t even reasonable. For example, a house loan for $217k advertised needing $20k rehab was taken back and Texas Quest Capital spent $162k+ on rehab. Furthermore, many property loans went bad months and months before Covid lockdowns in March 2020, yet the company blamed everything on COVID. Company uses a trust with a trustee, so lenders lose any control. Do not do any business with Texas Quest Capital! Would give 0 stars if I could! The owner and two sons just don’t have the experience or background to run a hard money loan business.
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